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Now you're thinking in terms of the national interest. That's the wrong way to think about colonial adventures.

The interest being served is that of the private actors who get to set up shop in the colonies. The national interest is served only incidentally, if at all. And it is not in their interest to have to rely on scarce domestic manpower for exploiting untapped resources.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Apr 27th, 2012 at 12:33:27 PM EST
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